Lockheed Martin (NYSE:LMT) Trading 2.9% Higher – Should You Buy?

Shares of Lockheed Martin Co. (NYSE:LMT) rose 2.9% on Tuesday . The stock traded as high as $505.83 and last traded at $504.74. Approximately 424,172 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 1,082,789 shares. The stock had previously closed at $490.32.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LMT. Citigroup lowered their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Barclays decreased their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. UBS Group boosted their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $577.73.

Lockheed Martin Price Performance

The firm has a market cap of $120.03 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 3.96 and a beta of 0.48. The company has a 50 day moving average price of $503.20 and a 200 day moving average price of $536.20. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $6.77 earnings per share. On average, sell-side analysts expect that Lockheed Martin Co. will post 26.8 EPS for the current year.

Institutional Investors Weigh In On Lockheed Martin

Large investors have recently added to or reduced their stakes in the business. Insight Inv LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth approximately $226,000. Advocate Group LLC increased its position in Lockheed Martin by 5.5% during the fourth quarter. Advocate Group LLC now owns 553 shares of the aerospace company’s stock worth $269,000 after buying an additional 29 shares in the last quarter. CFS Investment Advisory Services LLC lifted its position in shares of Lockheed Martin by 2.0% in the fourth quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company’s stock valued at $530,000 after acquiring an additional 21 shares in the last quarter. Grimes & Company Inc. boosted its stake in shares of Lockheed Martin by 4.6% during the fourth quarter. Grimes & Company Inc. now owns 15,978 shares of the aerospace company’s stock valued at $7,764,000 after acquiring an additional 708 shares during the last quarter. Finally, McGuire Investment Group LLC increased its position in Lockheed Martin by 0.5% during the 4th quarter. McGuire Investment Group LLC now owns 9,115 shares of the aerospace company’s stock worth $4,429,000 after purchasing an additional 42 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.